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SPDR Bloomberg Barclays Invest. Grade Floating Rate
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- Description
- Performance
- Fundamentals
- Rate Sensitivity
- Rating
| SPDR Barclays Investment Grade Floating Rate ETF is an exchange-traded fund incorporated in the USA. The Fund's objective is to replicate as closely as possible the performance of the Barclays U.S. Dollar Floating Rate Note < 5 Years Index. |
| Category | Corporate |
| Fund Sponsor | SSgA Funds Management Inc |
| Website | www.spdrs.com |
| Inception date | Dec 01, 2011 |
| Assets (mns) | $3,880 |
| Currency | USD |
| Expense ratio | 15 bp |
| Distributions | Monthly |
| Regulation | Open-End Investment Company |
| Custodian | State Street Bank & Trust Co |
| Weighting | Market Cap |
| Index replication | Optimized |
| No. of constituents | 683 |
| No of distinct issuers | 274 |
| Inflation protected | 0% |
| Variable/Fixed coupon | 99% /1% |
| Non-standard maturity (callable, etc.) | 28% |
| 0.0% 1/20/22 | 0.9 % |
| 0.0% 6/01/21 | 0.7 % |
| 0.0% 12/15/21 | 0.6 % |
| 0.0% 2/10/21 | 0.6 % |
| 0.0% 6/08/20 | 0.6 % |
| 0.0% 8/09/19 | 0.6 % |
| 0.0% 1/24/23 | 0.6 % |
| 0.0% 2/11/22 | 0.5 % |
| 0.0% 2/23/23 | 0.5 % |
| 0.0% 3/17/20 | 0.5 % |
| TOTAL | 6.1 % |
|---|
| MORGAN STANLEY | 3.1% |
| GOLDMAN SACHS GROUP, INC. | 3.0% |
| BANK OF AMERICA CORPORATION | 2.8% |
| INTER-AMERICAN DEVELOPMENT BANK | 2.6% |
| JPMORGAN CHASE & CO. | 2.6% |
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UNITED STATES | 60.4 % |
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CANADA | 6.0 % |
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UNITED KINGDOM | 5.0 % |
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JAPAN | 4.7 % |
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AUSTRALIA | 3.5 % |
HISTORICAL RETURNS 
| Custom date range | Compare to | ||
| thru |
| Year-to-date | 1 year | 5 years | 10 years | Since Incep. |
| 2.7% | 2.8% | 1.6% | -- | 1.6% |
| versus... | Beta | R-squared |
|---|---|---|
| Barclays Agg. Bond | -0.01 | 0% |
| S&P500 | 0.04 | 40% |
| MSCI EAFE | 0.04 | 32% |
| MSCI Emg. Mkts. | 0.02 | 12% |
| Recent close | $30.69 |
| 30d moving avg. | $30.70 |
| Annualized volatility | 0.7% |
| Short interest (ETF) | 0.0% |
| Relative strength (RSI) | 50 |
| Avg. volume (thou.) | 1,029 |
| Avg. daily value traded (mns) | $32 |
| Turnover | 0.8% |
| Bid/Ask (% of price) | 0.03 |
DISTRIBUTION YIELD (TRAILING 12 MONTHS)
| FLRN | 1.8 yrs | Category Avg.* |
4.7 yrs |
| FLRN | 1.7% | Category Avg.* |
4.6% |
| Change in YTM |
New YTM |
Est. Price Change |
Est. New Price |
| +300 bp | 5.01% | -5.2% | $29.10 |
| +200 bp | 4.01% | -3.5% | $29.63 |
| +150 bp | 3.51% | -2.6% | $29.89 |
| +100 bp | 3.01% | -1.7% | $30.16 |
| +75 bp | 2.76% | -1.3% | $30.29 |
| +50 bp | 2.51% | -0.9% | $30.42 |
| +25 bp | 2.26% | -0.4% | $30.56 |
| 0 bp | 2.01% | 0% | $30.69 |
| -25 bp | 1.76% | 0.4% | $30.82 |
| -50 bp | 1.51% | 0.9% | $30.96 |
| -75 bp | 1.26% | 1.3% | $31.09 |
| -100 bp | 1.01% | 1.7% | $31.22 |
| -150 bp | 0.51% | 2.6% | $31.49 |
| -200 bp | 0.01% | 3.5% | $31.76 |
| -300 bp | -0.99% | 5.2% | $32.29 |
*Fund Category: CORPORATE
ALTAR Score™
| Calculation of ALTAR Score™ | ||
|---|---|---|
| Adj. Yield to Maturity |
201 | bp |
| Less: Annual "default factor" |
8 | bp |
| Less: Expense ratio | 15 | bp |
| Equals: ALTAR Score | 1.78 | % |
| Average ALTAR Score™ by Category | |
|---|---|
| Aggregate | 1.7% |
| Corporate | 2.2% |
| Emerging Market | 3.6% |
| Government | 1.6% |
| Inflation Protected | 1.7% |
| Mortgage | 2.8% |
| Municipals | 2.2% |
| *Note: The SPDR Bloomberg Barclays Invest. Grade Floating Rate is classified as a Corporate fund. | |